I can imagine they introduce the 8% saver now to counterbalance all the savers who will collect their savings after the first 2 year term (November).
I've funded the 7% account manually through electronic transfers because it allows me more control than leaving it to a DD/SO (e.g. I can time the monthly payment, skip it or do multiple transfers within a single month if I so choose).
• Once your account is open we will contact you with details of your account number, together with instructions of how to transfer your funds electronically to Anglo Irish Bank.
the form is on the website! [broken link removed]
From what I could gather the 8% is only an introductory offer and not guaranteed. What is guaranteed is ECB +2%
nansus, by arrangement to renew i take it you mean you were going to set up a new 2 year account at the 7% (prior to this 8% new announcement), with a starting balance of zero? i was wondering about this myself until the new product was announced!
If there's no guarantee, is it worth taking the chance and opening one? That said, I suppose the majority of other reg. saver a/c's aren't guaranteed either.
The 7% rate was never guaranteed in full either but they never reduce it. Even ECB + 2% = 6% right now isn't bad and if you don't like it then just close the account and move elsewhere.My 7% A/C actually expires Mon and I had made arrangements to renew from Tues. I got a call from Anglo yesterday (Fri) advising me of the Term changes( 1 yr 8% etc)
From what I could gather the 8% is only an introductory offer and not guaranteed. What is guaranteed is ECB +2%
Just to clarify - this thread is about the 8% regular saver which is new and only opened this week. The 7% one has been on the go for nearly two years now. Similar products but even apart from the rate not the same.Right, I thought I was one of the first who opened it but I was wrong, it was actually on the market for a few months so the first ones mature soon.
Correct. When I opened it they were paying 6.75%.I think they even up-ped it, it was initially lower than 7% when I opened it.
Keep it in the lump sum deposit account offering the best rate - e.g. NR Demand Online 5% on €1K+, FA eSavings 5.22% on up to €15K, Halifax FlexiSaver 5.15% on up to 10K etc. All in the Financial Best Buys lists and on www.itsyourmoney.ieWhat do you all do with the lump sum before you start again with a new 8% account
Thanks for clarifying, Clubman.
I have a Halifax Flexisaver and want to drop-feed the new 8% Anglo saver. I was just wondering if there was a cleverer solution as I cannot set up a standing order from any of the existing lump sum accounts I have and won't have time to manually take it to the bank every month. Any account that earns > 4% out there AND allow a SO? Just in case anyone knows. I'm checking this out looking at other treads at the same time. Regards, Fanny
Yes.I have a 7% account with anglo which is not due to mature untill next Feb.
Can I just stop paying into that account and leave it rest untill Feb and open a new 8% account instead?
You can miss one payment without penalty. It's not clear if you can miss more than one. A better option may be to reduce your payments to the minimum (€100) and save the balance into the 8% account.I have a 7% account with anglo which is not due to mature untill next Feb.
Can I just stop paying into that account and leave it rest untill Feb and open a new 8% account instead?
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